In recent years the definition of an economic transfer a payment to an individual or institution that does not arise out of current productive activity has been subject to even wider interpretation. This volume addresses that trend and introduces new methods of measuring transfers in the American economy.
Social security, private pension benefits, housing, and health care are traditional kinds of transfers. Accurate measurements of the degree and effect of these and of other, newly interpreted transfers are vital to economic policy making. Though this volume is not directly concerned with...